An equity REIT with 350,000 shares outstanding and 400,000 shares on a fully diluted basis. It owns property with a historic depreciable cost of $23,400,000. It depreciates its property on a 39-year straight-line basis. The company has $3,000,000 in annual gross income, and $1,100,000 in annual operating and general and administrative expenses.

1. The companys taxable income per share, assuming no dividend payout, is $__________.

2. In order to maintain its REIT status, the minimum dividend the company must pay out is $______ per share.

3. The companys FFO per share is $__________.

4. Assuming recurring capital expenses to maintain the REITs properties are $500,000 per annum, the AFFO per share is $_________.